Indeed, the 55-day SMA was too strong of a barrier to penetrate, resulting in the AUD/USD rebound.
For the fifth consecutive day the yellow metal has been remaining broadly unchanged just above the 1,205 mark, even though it has made several attempts to exit from the vicinity of 1,203-1,212 range.
Although the USD/JPY did rise on Monday, gains were not as high as anticipated.
The Sterling remained flat against the US Dollar through Monday, despite significant upside volatility.
Yesterday, EUR/USD managed to consolidate below the monthly PP (1.1003) and is moving further downwards on Tuesday.
The NZ Dollar almost fell in line with expectations, as it declined against the US Dollar at the end of last week.
The US Dollar required a massive boost in order to penetrate the barrier around 1.2250, and Friday's fundamental data provided more than enough.
The Australian Dollar managed to reach the 20-day SMA on Friday, which pushed the AUD/USD pair back down.
Despite strong volatility to the upside, the EUR/JPY cross still edged down on Friday.
On Friday, the precious metal attempted to develop beyond the major cluster of resistances at 1,214.
The USD/JPY maintains strong uptrend, as the pair gained 50 more pips last Friday.
The Cable suffered heavy losses on Friday, amid better-than-expected US fundamentals.
The Euro dropped considerably on Friday, following a short-term rebound back on Thursday.
The Kiwi soared versus the US Dollar on Thursday, due to weak US fundamentals.
The USD/CAD currency pair remained relatively flat yesterday.
The Australian Dollar edged up against the US Dollar yesterday, amid weaker-than-expected US fundamental data.
Despite strong volatility to the upside, the EUR/JPY currency pair still ended up declining yesterday.
Yesterday, the bullion registered no substantial price movements.
On Thursday, the US Dollar suffered losses, amid worse-than-expected fundamentals.
The Sterling appreciated against the US Dollar for the second day yesterday.
Despite EUR/USD's attempts to return back above the 100-day SMA at 1.1147, the key attention remains on the downside and the closest support level at 1.1013 (weekly S2).
There were no surprises in the NZD/USD behaviour yesterday.
The US Dollar misbehaved yesterday, as it edged down rather than up.
On Wednesday, the support area around 0.79 failed to stop the AUD/USD from falling.